St James’s Place increased its annual dividend by a third as it reported
another year of stellar profits and growth in assets under management.

It is the third year in a row that the wealth manager, majority-owned by the
Lloyds Banking Group, has increased the dividend by this amount. Investors
will receive 10.64p a share, against 8p in 2011. David Bellamy, the chief
executive, said that the growth in assets under management of more than a
fifth, to £34.8 billion, meant that St James’s Place was generating
considerable